Author: 行政

Cory Klippsten, chief executive of Swan Bitcoin, stated at Bitcoin Vegas 2026 that retail buyers still account for the bulk of underlying Bitcoin demand, even when purchases route through spot ETFs. US spot Bitcoin ETFs have shed roughly US$2.9 billion in net outflows since May 15, per Farside Investors data, while Bitcoin has dropped about 9.5% over the same window. Klippsten cut his probability of Bitcoin printing a new all-time high in 2026 to between 20% and 25%, down from roughly 50% when the asset traded near US$95,000 earlier in the year. Cory Klippsten, chief executive of Swan Bitcoin, argued…

Western governments spent three years building what they believed was an airtight financial blockade around Russia, severing its banks from SWIFT, freezing sovereign reserves, and barring major institutions from clearing dollar transactions.And according to British authorities, Russia may have spent much of that same period engineering an alternative financial system designed to circumvent it entirely.On May 26, the UK’s Foreign, Commonwealth & Development Office sanctioned 18 entities and individuals, including Huobi (HTX), a Justin Sun-advised exchange that processed $3.3 trillion in trading volume in 2025, and a Kyrgyzstan-linked stablecoin issuer, for allegedly helping Russia evade Western restrictions.What distinguishes this package…

Less than four years after the collapse of FTX triggered calls for a sweeping crackdown, the crypto industry has emerged as one of the fastest-growing forces in American politics, spending millions across both parties, reshaping key elections, and transforming itself from a regulatory target into a powerful new political machine.In 2022, Washington’s dominant question about the crypto industry had little to do with the fine print of securities law. After the collapse of FTX triggered a wave of congressional fury and handed Gary Gensler’s SEC a permission slip to pursue enforcement actions at scale, lawmakers on both sides of the…

On the American Gaming Association’s website, a counter has been climbing for months, tallying what the casino-and-sportsbook lobby says states and tribes have lost to prediction markets. On Thursday, it rolled past $1 billion, and the AGA moved fast to make a headline out of it, with President Bill Miller going on CNBC to warn that states and tribes were losing money that would otherwise fund community programs.Platforms like Kalshi and Polymarket let people trade contracts on real-world outcomes, and a fast-growing share of that activity amounts to sports betting by another route, with users buying yes-or-no positions priced like…

Headline PCE inflation rose 3.8% in April from a year earlier, its hottest pace in two years and nearly double the Federal Reserve’s 2% goal, while core PCE held at 3.3%, its highest reading since October 2023.The monthly numbers ran cooler, with core easing to 0.2% against the 0.3% economists had expected.Bitcoin saw that combination of numbers as a problem, sliding toward $73,300 in the hours after Thursday’s release and hovering near $73,000 through the weekend, down roughly 30% across the past year.The PCE inflation report brought enough monthly relief to keep the rate-cut rate going, and enough annual heat…

reasury Secretary Scott Bessent said at the Reagan National Economic Forum that the US had seized roughly $1 billion in Iranian crypto assets, turning the Iran crypto seizure into an early test of Trump’s reserve frameworkBessent added the authorities “just outright grabbed the wallets,” with CBS reporting he also described the assets as money stolen from the Iranian people.Yet Bessent disclosed neither the asset types nor the wallets involved, and that lack of information is exactly what determines whether any of this money ever reaches President Donald Trump’s Strategic Bitcoin Reserve.Trump’s 2025 executive order created two separate buckets for government-held…

The Hyperliquid HYPE rally reached a new HYPE all-time high of $68.64 on May 30, extending a month that has already delivered roughly 50% in gains and over $1.4 billion in single-day trading volume.The HYPE price move came the day after the CFTC approved KalshiEX’s BTCPERP contract, the first Bitcoin perpetual futures product cleared for listing on a US-regulated exchange, and one day after ICE CEO Jeffrey Sprecher said that Hyperliquid is “bigger than Nasdaq” and that his team has met the founders multiple times.Two US-listed spot HYPE ETFs, Bitwise’s BHYP and 21Shares’ THYP, had already crossed $136 million in…

The US Treasury market is the foundation of the global financial system. It determines mortgage rates, government borrowing costs, corporate lending, and the price of money across the world. For decades, investors treated it as the safest and most stable market on Earth.But after years of exploding government debt, repeated liquidity scares, and increasingly aggressive Federal Reserve interventions, Wall Street is starting to confront an uncomfortable possibility: the Treasury market may have become too large, too leveraged, and too systemically important to function without constant support.Now, with debt issuance accelerating and bond yields elevated, a different fear has taken hold…

Bitcoin ATMs were (and still are) the most tangible and literal implementation of crypto.They turned the process of buying and selling crypto from an abstract act done on a screen and moved it into the real world, enabling people to buy Bitcoin without verification, a bank account, or any real understanding of how custody works.Scan a QR code, insert a few bills, and all of the BTC you can afford lands in a crypto wallet in a few minutes.For a while, that physical aspect of buying a virtual currency with cash gave Bitcoin something exchanges couldn’t: the feeling that it…

The following is a guest post and opinion from Ben Nadareski, Co-founder & CEO of Solstice .Institutions were never going to arrive in crypto the way crypto wanted them to. No stampede into governance tokens. No CFO proudly announcing that idle treasury had been rotated into volatile assets. No pension fund committee suddenly speaking fluent DeFi. That was always the fantasy version.The real version is less theatrical and far more important. Institutions will not buy crypto as a belief system. They will instead use it as infrastructure.Not because banks cannot copy the code. They can. But because they cannot copy…